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OIL and GAS LEASE SALE 200 Final Bid Recap

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OIL and GAS LEASE SALE 200 Final Bid Recap OIL and GAS LEASE SALE 200 Final Bid Recap Western Gulf of Mexico August 16, 2006 U.S. Department of the Interior Minerals Management Service New Orleans Gulf of Mexico OCS Region November 2006 OIL and GAS LEASE SALE 200 Preliminary Bid Recap Western Gulf of Mexico August 16, 2006 Author Minerals Management Service Gulf of Mexico OCS Region Additional Copies may be obtained by contacting U.S. Department of the Interior Minerals Management Service Gulf of Mexico OCS Region Public Information Unit (MS 5034) 1201 Elmwood Park Boulevard New Orleans, Louisiana 70123-2394 Commercial/FTS Telephone: (504) 736-2519 Published by U.S. Department of the Interior Minerals Management Service New Orleans Gulf of Mexico OCS Region November 2006 PREFACE The Bid Recap lists bid-specific information from a lease sale and identifies the bids that were accepted or rejected. Individual copies of the bid recap for a particular sale are available for several months following the completion of the bid evaluation process, which takes approximately 60-90 days following the sale day. Copies of the bid recap are available from the address below at the cost of $5.00 each. Payment may be made by check, money order, or cash. Minerals Management Service Gulf of Mexico OCS Region Public Information Unit (MS 5034) 1201 Elmwood Park Boulevard New Orleans, Louisiana 70123-2394 Commercial/FTS Telephone: (504) 736-2519 Specific questions concerning this publication should be referred to the Gulf of Mexico OCS Regional Office, Office of Leasing and Environment, Commercial/FTS telephone (504) 736-2761. Questions of a general nature should be referred to the Gulf of Mexico OCS Regional Office, Public Information Unit, at the address above. iii PARTICIPATING COMPANIES 00056 ConocoPhillips Company 02421 Devon Energy Production Company, L.P. 00059 Hess Corporation 02427 Virgin Offshore U.S.A., Inc. 00064 Hunt Oil Company 02432 Andex Resources, L.L.C. 00078 Chevron U.S.A. Inc. 02479 Republic Exploration LLC 00282 Dominion Exploration & Production, Inc. 02481 BP Exploration & Production Inc. 00560 Seneca Resources Corporation 02506 Wolf Resources, L.P. 00689 Shell Offshore Inc. 02537 Tarpon Offshore, L.P. 00724 Marathon Oil Company 02566 F-W Oil Exploration L.L.C. 00730 Walter Oil & Gas Corporation 02579 Tana Exploration Company LLC 00818 Mariner Energy, Inc. 02605 Badger Oil Corporation 00981 Anadarko Petroleum Corporation 02630 Northstar Gulfsands, LLC 01207 Petrobras America Inc. 02631 Frankel Offshore Energy, Inc. 01364 Newfield Exploration Company 02639 Cs Solutions, Inc. 01421 Whiting Oil and Gas Corporation 02643 Contango Offshore Exploration LLC 01500 TOTAL E&P USA, INC. 02647 Murphy Exploration & Production Company - USA 01513 Callon Petroleum Operating Company 02668 Red Willow Offshore, LLC 01704 Remington Oil and Gas Corporation 02672 Medco Energi US LLC 01819 ATP Oil & Gas Corporation 02702 Plains Exploration & Production Company 01963 Apex Oil & Gas, Inc. 02743 ALITHEIA RESOURCES INC. 01978 Helis Oil & Gas Company, L.L.C. 02748 Statoil Gulf of Mexico LLC 01999 Houston Energy, L.P. 02777 Peregrine Oil & Gas, LP 02025 El Paso E&P Company L.P. 02790 Focus Exploration, LLC 02058 LLOG Exploration Offshore, Inc. 02807 Marlin Coastal, L.L.C. 02079 Nexen Petroleum Offshore U.S.A. Inc. 02815 Deep Gulf Energy LP 02169 Hydro Gulf of Mexico, L.L.C. 02822 Centaurus Gulf of Mexico, LLC 02219 Kerr-McGee Oil & Gas Corporation 02849 Gulfsands Petroleum USA, Inc. 02237 Noble Energy, Inc. 02873 Cobalt International Energy, L.P. 02266 Energy Partners, Ltd. 02879 GeoPetra Partners, LLC 02277 BHP Billiton Petroleum (Deepwater) Inc. 02886 Entek USA Limited LLC 02377 MCX Gulf of Mexico, LLC 02904 Phoenix Exploration Company LP 02397 Samson Offshore Company 02417 ARENA ENERGY, LLC TABLE OF CONTENTS Area Name Page No. South Padre Island, East Addition 1 Norht Padre Island 2 North Padre Island, East Addition 3 Mustang Island 4 Matagorda Island 5 Brazos 8 Brazos, South Addition 9 Galveston 10 Galveston, South Addition 11 High Island 12 High Island, East Addition 15 High Island, South Addition 16 High Island, East Addition, South Extension 17 East Breaks 18 Garden Banks 24 Port Isabel 39 Alaminos Canyon 40 Keathley Canyon 41 vi LISTING OF 10 REJECTED BIDS Lease No. Map Area Block No. Page No. G30655 Galveston A184 11 G30726 East Breaks 337 19 G30770 Garden Banks 212 24 G30771 Garden Banks 213 24 G30921 Keathley Canyon 116 44 G30930 Keathley Canyon 160 45 G30931 Keathley Canyon 161 45 G30964 Keathley Canyon 454 49 G30968 Keathley Canyon 561 50 G30971 Keathley Canyon 606 50 EXPLANATION OF TERMS USED BID TYPE: RS6 - Bonus Bidding system with a fixed royalty rate of 16 2/3%; possible royalty suspension of up to 15 bcf for >=15,000 feet subsea depth but <18,000 feet or up to 25 bcf for >=18,000 feet but <20,000 feet or 35 bcf for >20,000 feet; (0-<200 meters water depth) RS7 - Bonus Bidding with a fixed royalty rate of 16 2/3%; possible royalty suspension of up to 15 bcf for >=15,000 feet subsea depth but <18,000 feet or up to 25 bcf for >=18,000 feet but <20,000 feet or 35 bcf for >20,000 feet; (200-<400 meters water depth) RS5 - Bonus Bidding with a fixed royalty rate of 12 1/2%; possible royalty suspension for 5 mmboe (400-<800 meters water depth) RS3 - Bonus Bidding with a fixed royalty rate of 12 1/2%; possible royalty suspension for 9 mmboe (800-<1600 meters water depth) RS8 - Bonus Bidding with a fixed royalty rate of 12 1/2%; possible royalty suspension for 12 mmboe (1600 - 2000 meters water depth) RS9 - Bonus Bidding with a fixed royalty rate of 12 1/2; possible royalty suspension for 16 mmboe (>2000 meters water depth) RNK - Rank is the order of bid when more than one bid is submitted for a tract. The high bid is listed first; successive bids are listed in descending monetary order. R - Denotes rejected bid. vii UNITED STATES DEPARTMENT OF THE INTERIOR 09-NOV-2006 MINERALS MANAGEMENT SERVICE GULF OF MEXICO REGION Final Sale Summary by Bid System Sale Number: 200 Sale Identifier: WESTERN GULF OF MEXICO Sale Date: 16-AUG-2006 16 2/3 Total 12 1/2 Total Sale Total 1. Tracts Receiving Bids - 126 255 381 2. Acre(s) Receiving Bids - 683,593.81 1,464,025.60 2,147,619.41 3. Sum of High Bids - $55,018,118.00 $285,917,396.00 $340,935,514.00 4. Sum of All Bids - $60,263,384.00 $402,497,528.00 $462,760,912.00 5. Total Number of Bids - 152 389 541 6. Average Number of Bids - 1.21 1.53 1.42 7. Total Companies Participating - 45 33 62 8.(A) Highest Bid Per Tract - $5,100,625.00 $21,011,812.00 $21,011,812.00 (B) Number of Bids - 1 4 4 (C) OCS Number(s) - G30667 G30910 G30910 9.(A) Highest Bid Per Acre(s) - $1,544.37 $3,647.88 $3,647.88 (B) Number of Bids - 1 4 4 (C) OCS Number(s) - G30659 G30910 G30910 10.(A) Largest Number of Bids - 4 7 7 (B) Number of OCS/Tracts - 2 1 1 (C) OCS Number(s) - G30616 G30822 G30822 G30669 11.(A) Tracts Leased - 125 246 371 (B) Acre(s) Leased - 677,833.81 1,412,185.60 2,090,019.41 (C) Accepted Bonuses - $54,866,618.00 $277,084,247.00 $331,950,865.00 12.(A) Rejected Tracts - 1 9 10 (B) Rejected Acre(s) - 5,760.00 51,840.00 57,600.00 (C) Rejected Bonuses - $151,500.00 $8,833,149.00 $8,984,649.00 13.(A) First Year Rentals - $4,586,277.00 $13,415,767.00 $18,002,044.00 UNITED STATES DEPARTMENT OF THE INTERIOR 09-NOV-2006 MINERALS MANAGEMENT SERVICE GULF OF MEXICO REGION Final Sale Summary by Bid System Sale Number: 200 Sale Identifier: WESTERN GULF OF MEXICO Sale Date: 16-AUG-2006 16 2/3% RS6 16 2/3% RS7 16 2/3 Total 1. Tracts Receiving Bids - 107 19 126 2. Acre(s) Receiving Bids - 575,978.41 107,615.40 683,593.81 3. Sum of High Bids - $48,650,628.00 $6,367,490.00 $55,018,118.00 4. Sum of All Bids - $53,745,783.00 $6,517,601.00 $60,263,384.00 5. Total Number of Bids - 132 20 152 6. Average Number of Bids - 1.23 1.05 1.21 7. Total Companies Participating - 44 4 45 8.(A) Highest Bid Per Tract - $5,100,625.00 $920,111.00 $5,100,625.00 (B) Number of Bids - 1 1 1 (C) OCS Number(s) - G30667 G30786 G30667 G30787 9.(A) Highest Bid Per Acre(s) - $1,544.37 $159.74 $1,544.37 (B) Number of Bids - 1 1 1 (C) OCS Number(s) - G30659 G30786 G30659 G30787 10.(A) Largest Number of Bids - 4 2 4 (B) Number of OCS/Tracts - 2 1 2 (C) OCS Number(s) - G30616 G30775 G30616 G30669 G30669 11.(A) Tracts Leased - 106 19 125 (B) Acre(s) Leased - 570,218.41 107,615.40 677,833.81 (C) Accepted Bonuses - $48,499,128.00 $6,367,490.00 $54,866,618.00 12.(A) Rejected Tracts - 1 0 1 (B) Rejected Acre(s) - 5,760.00 0.00 5,760.00 (C) Rejected Bonuses - $151,500.00 $0.00 $151,500.00 13.(A) First Year Rentals - $3,563,925.00 $1,022,352.00 $4,586,277.00 UNITED STATES DEPARTMENT OF THE INTERIOR 09-NOV-2006 MINERALS MANAGEMENT SERVICE GULF OF MEXICO REGION Final Sale Summary by Bid System Sale Number: 200 Sale Identifier: WESTERN GULF OF MEXICO Sale Date: 16-AUG-2006 12 1/2% RS5 12 1/2% RS3 12 1/2% RS8 12 1/2% RS9 12 1/2 Total 1.
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